An unsecured business line of credit can be a valuable tool for small business owners and real estate investors. They provide fast flexible access to funds, low interest rates, improved cash flow, increased financial stability, and the opportunity to build your portfolio and business credit history.

Flexibility

One of the most significant benefits of having a business line of credit is the flexibility it provides. Unlike a traditional loan, a business line of credit allows you to borrow money as you need it, up to a certain limit. This means you can have access to funds when you need them without having to apply for a new loan every time. This flexibility can be especially beneficial for real estate investors who may need to act quickly when an opportunity arises.

What does it take to qualify? Typically, a 680+ FICO score with all three credit bureaus and a business entity that has its own tax ID# (EIN#).

Can you qualify for a business line of credit if you are a start-up or non-revenue generating business? Yes, you can. $25,000 - $250,000 is available. Major banks you are all familiar with offer these. These credit lines do not report to personal credit bureaus. Only to business credit bureaus under your business EIN#.

So when you use these credit lines, it does not affect your personal credit.